SPONGE continues to rise as more bulls enter
If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bears may find support levels around $0.000136, $0.000081, and $0.000006 if the resistance level of $0.000196 persists in SPONGEUSDT market.
SPONGE/USDT Market
Key levels:
Resistance levels: $0.000196, $0.000330, $0.000402
Support levels: $0.000136, $0.000081, $0.000006
SPONGEUSDT Long-term Trend: Bullish
The SPONGEUSDT is bullish, according to the daily chart. The price has soared to a high of $0.000196 due to the bullish trend that started on October 28. When a bullish harami candle appeared, the bulls crossed over the stated level. The SPONGE continued to rise as more bullish candles were formed. It is currently getting close to the $0.000196 level after breaking through the $0.000136 barrier.
The SPONGE market is dominated by buyers. The price is trading above the zero line of the QQE MOD crypto signal indicator, indicating a bullish rise, even though the Hull Suite has crossed below the price. As long as the bulls keep pushing, there may be more good action. If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bears may find support levels around $0.000136, $0.000081, and $0.000006 if the resistance level of $0.000196 persists.
SPONGEUSDT medium-term Trend: Bullish
The 4-hour SPONGEUSDT chart is bullish. The sponge market was dominated by buyers last week. As the bullish trend continued, the bulls were gradually under more and more pressure. The resistance level of $0.000196 was tested. The price is currently getting close to the $0.000196 resistance level since the bulls are now more capable of exerting pressure.
.000196 Resistance Level" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/11/4-hours-50.png"/>
Go touch some grass instead of observing the charts.
[xyz-ihs snippet="Markets"]Stop watching the charts and go touch some grass pic.twitter.com/ZhM5GrR0Hw
— $SPONGE (@spongeoneth) November 17, 2024
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